quiz

• 1.By the contract on sale one of the contracting party is obligated to deliver a determinate thing and others to pay a price uncertain in money for the payment of the object

  False
• 2. In a contract of sale, the contracting parties can deliver a generic thing which is the object of the contract.

  False
• 3. Consent of one of the contracting parties in a contract of sale is ministerial thus perfected through the other party was held otherwise

  False
• 4. The exchange of an object is considered a sale

  True
• 5. A contract of sale may be absolute or contract to sell

  False
• 6. In a contract of sale, it is necessary that the prescribed form must be followed otherwise it is considered as void

  False
• 7. The obligation of the contracting must be performed otherwise a cause of action can be initiated by either of the parties

  True
• 8. Juan asked Maria to sell his real property located near EAC-C with an area of 1.5k square meters. Maria asked Juan for an authorization such that that she can present it to Gloria her friend who is very much interested to buy the real property. Juan return says that it is not necessary since they are best friend since childhood. is Juan correct?

  False
• 9. In relation to question 8, can Gloria buy the property without authorization coming from Juan?

  False
• 10. In relation to 8, If Gloria bought the property without written authorization coming from Juan, will the transaction valid?

  False
• 11. In relation to 8, if Maria bought the property, will the transaction valid?

  True
• 12. When an object in a contract of Sale is under the possession and control of the seller, the transfer of ownership is presumed? (assumed)

  False
• 13. Juan and Pedro's best friend since elementary school days. They both enjoy collecting vintage cars. Pedro asked Juan if he can buy his 1970 Toyota Corolla for 1.5M. Juan agreed but Pedro wanted to try it first for him to determine if the engine is still in good condition. Since Pedro is his best friend thus Juan agreed only for two weeks. However, for more than a month, Pedro still did not return nor notify Juan of Pedro's decision. Will the transaction be considered as a Sale?

  True
• 14. In relation to question number 13, Juan and Pedro meet in the restaurant and the former turn over documents with respect to the car to the later. Is the delivery of car completed?

  False
• 15. In relation to question number 14, other than the key as well as document such as official receipt and certificate of registration of the car, Juan asked Pedro to sign the Deed of Absolute Sale and thelater acceded. Is the delivery completed?

  True
• 16. Pedro and Maria own a parcel pf land located near Emilio Aguinaldo College - Cavite measuring an area of amount of 12,000,000.00 (12M) in Peso. To secure the property, Juan paid the whole amount of 12M property to her neighbor Petra for 12,000,001.00 in Peso whom the later always wanted to buy. Since the property . Petra not knowing the previous transaction, paid the whole amount of 12,000,001.00 which was received by Pedro and Maria. Is there a double sale?

  True
• 17. In relation to question number 16. do you consider Juan a buyer in bad faith?

  False
• 18. In relation to question 16, do you consider Petra a buyer in good faith?

  True
• 19. In relation to question number 16, immediately after paying the amount of of 12,000,001.00, Petra registers the property to the registry of deeds. Will your answer in question 18 the same?

  True
• 20. in relation to number 16, immediately pay the price and register in the property of deeds, will your answer in question 17 same?

  True
• 21. Is Pedro and Maria liable to return the amount paid buy Juan?

  True
• 22. What if Petra are they liable to her?

  True
• 23. The seller is liable to deliver the generic thing and transfer the ownership of the same

  False
• 24. Juan and Mario are good friends. Mario is the Godfather of Juan's eldest child, Juano. Mario give a toyota to Juano and have absolute deed of slae transwer, is teh sale valid?

  True
• 25. Due to Pedra's busy schedule, she decided to do bank transfer and inform Pedra of the same, is there a valid sale?

  False
• 26. Maria did not prepare nor provided the promised documents after series of follow up. Pedro decided to cancel the sale transaction and asked Maria to return the 12M he paid, is Pedro correct?

  True
• 27. Either party in a contract of sale may elect to withdraw from the contract of sale of the reciprocal obligation was not performed and may file damages

  True
• 28. The buyer may reject delivery if the same was improperly made

  True
• 29. The vendor may file an action for breach of contract of sale if the vendee acted in bad faith

  True
• 30. Pedro and Juan Married

  False.